Is China preparing for its own Currency?

There have been rumors about the Chinese government’s goal to create its own cryptocurrency. More discussion came after the People’s Bank of China revealed they now have over 41 patents filed over the past 12 months. These patents would push for China’s Central Bank to have its own cryptocurrency and digital wallet. The transparency of the digital wallets would allow the Chinese government to see all transactions that would occur similar to the current banking system.

We will be discussing the current landscape of cryptocurrency in China during our August 22nd conference in Los Angeles with some of the top experts in the blockchain industry. Register now!